Tax Deadline Headlines on One News PageVisit One News Page for Tax Deadline news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines.
This feed provides the Tax Deadline news headlines.http://www.onenewspage.com/topic/Tax_Deadline.htm
(c) copyright One News Page. All headlines and description content (c) by the accredited news source - see http://www.onenewspage.com/tc.php#accreditation for further details.15webmaster@onenewspage.com (One News Page Webmaster)Tue, 31 Mar 2015 18:06:10 +0000http://007d1678aa8b3bb64daa-201793b28c6dbcef504c88849c9b9556.r46.cf3.rackcdn.com/ONPglobe100.pngTax Deadline Headlines on One News Pagehttp://www.onenewspage.com/topic/Tax_Deadline.htm
en-usPeople scrambling to make tax deadline must file on timeGetting your taxes done by the deadline is enough of a headache without worrying if you’ll have enough cash on hand to pay the IRS.
Reported by NY Daily News 1 day ago.
http://www.onenewspage.com/n/US/754y8s1kd/People-scrambling-to-make-tax-deadline-must-file.htm
USMon, 30 Mar 2015 12:36:21 +0000http://www.onenewspage.com/n/US/754y8s1kd/People-scrambling-to-make-tax-deadline-must-file.htmSan Francisco’s Top-Rated CPA Firm, Safe Harbor LLP, Issues Informative Blog Post on Last-Minute Tax FilingsSafe Harbor LLP is one of the most digitally advanced CPA firms in San Francisco. The firm’s lively blog has issued an informative post on last minute tax filings.<br />
<br />
San Francisco, CA (PRWEB) March 30, 2015<br />
<br />
Safe Harbor LLP, one of San Francisco’s top-rated accounting firms, has issued an informative blog post on five tips for last minute tax filings just in time for the approaching tax deadline of April 15th. The CPA firm has found, in years past, that many San Franciscans delay tax filing until the last moment.<br />
<br />
“San Francisco is a city of very busy, very creative people,” explained Chun Wong, Managing Director of Safe Harbor LLP. “With our specialization as a CPA firm for small businesses, startups, and many high income individuals, we still find that people procrastinate until the last possible moment to file their California and Federal taxes.”<br />
<br />
To read the informative blog post, please visit http://www.safeharborcpa.com/?p=3769<br />
<br />
Tips for Procrastinators in the San Francisco Bay Area<br />
<br />
Among the tips shared by Safe Harbor for last minute tax filers, two are very important. The first is to take action, today, no matter what the situation is. Even with a few weeks or days of lead time, the firm can usually help a tax filer to comply with federal and California laws. Indeed, the firm is an expert on IRS Audit defense, and can help with the filing of amended terms and other mechanisms to come into compliance with tax laws. Procrastinating and pretending that the problem does not exist is simply not helpful. Second, the firm is very committed to working with taxpayers over the long term. Many clients come to the firm because of its expertise in international tax, FBAR issues, IRS tax audits, and others, and – once the crisis has passed – stay on with the firm as a long-term client. The reason for this is because Safe Harbor LLP has a goal of making taxes and accounting as easy as possible for its clients, and so it works with clients year round on tax and financial planning.<br />
<br />
The last minute rush, in sum, should be a one-time affair for any client. In subsequent years, it is is the firm’s goal to help clients be prepared, so that when tax time comes, last minute filing is something that other people do, not long-term clients of San Francisco’s favorite boutique CPA firm: Safe Harbor LLP.<br />
<br />
About Safe Harbor LLP – a Professional CPA Firm in San Francisco<br />
<br />
Safe Harbor LLP is a CPA firm that specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service.<br />
<br />
Safe Harbor CPA<br />
http://www.safeharborcpa.com<br />
Tel. 415.742.4249
Reported by PRWeb 1 day ago.
http://www.onenewspage.com/n/Press+Releases/754y8ruz3/San-Francisco-Top-Rated-CPA-Firm-Safe.htm
Press ReleasesMon, 30 Mar 2015 07:09:31 +0000http://www.onenewspage.com/n/Press+Releases/754y8ruz3/San-Francisco-Top-Rated-CPA-Firm-Safe.htm5 tips to help you file taxes by April 15Last-minute suggestions to help you make the tax deadline.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Reported by USATODAY.com 2 days ago.
http://www.onenewspage.com/n/Money/754y8rijv/tips-to-help-you-file-taxes-by.htm
MoneySun, 29 Mar 2015 13:03:55 +0000http://www.onenewspage.com/n/Money/754y8rijv/tips-to-help-you-file-taxes-by.htmVancouver’s Grouplend seeks middle class Canadians for individually priced loansWhen tax deadline rolls around, Vancouver-based Grouplend, the country’s first so-called market place lender, expects to have received $50 million in loan applications — assuming current trends are maintained
Reported by Financial Post 4 days ago.
http://www.onenewspage.com/n/Business/754y8qusi/Vancouver-Grouplend-seeks-middle-class-Canadians-for.htm
BusinessFri, 27 Mar 2015 21:49:59 +0000http://www.onenewspage.com/n/Business/754y8qusi/Vancouver-Grouplend-seeks-middle-class-Canadians-for.htm5 Ways to File Your Taxes With Less StressEven with years of experience, the process of reviewing your records and filing your tax return can be stressful. With the April 15 tax deadline getting close, consider trying these five strategies that may help you lower your 2014 taxes, enhance your retirement readiness and help you get more organized for 2015.<br />
<br />
*1. Leverage your retirement accounts*If you currently have an individual retirement account (IRA), you have up until April 15^to make any contributions for the 2014 tax year. That means you may be able to lower your taxable income for 2014. The contribution limit to an IRA for 2014 is $5,500 (or $6,500 for those over 50) so try to reach that number before the deadline. Eligibility for an IRA tax deduction depends on your marital status and whether you or your spouse has a retirement plan available at work (such as a 401(k) account).If you don't have an IRA, begin planning for tax seasons to come by taking full advantage of tax-advantaged retirement accounts such as a 401(k), especially if your employer offers a match program. Doing this will help reduce stress as you file your taxes next April, as well as relieve future stress around retirement planning.If you're self-employed, there's also still time to open and fund an SEP IRA (Simplified Employee Pension Individual Retirement Account) for 2014. You can invest up to 25 percent of your self-employment income or $52,000, whichever is less (this will go up to $53,000 for 2015).Contributing money automatically out of your paycheck to a workplace retirement plan such as a 401(k) provides you with tax-deferred growth on savings while also lowering your taxable income for the year. The money you contribute to your 401(k) is made on a pre-tax basis and grows income tax-deferred, which means that you generally don't pay taxes on the contributions and earnings until you withdraw these funds, typically at retirement age.<br />
*2. Get organized*<br />
<br />
Whether you will be hiring a professional or completing your return on your own, organize your records in a clear manner to ensure that you have all of the documents you need. Otherwise, you might fail to report all of the income, interest or dividends you earned to the Internal Revenue Service (IRS). This could result in federal income tax penalties and interest or, in the worst case, a tax audit.<br />
<br />
In order to avoid any issues, review a copy of last year's tax return and put together a list of every source of income you reported. Then, make sure you have all the documents -- 1099s, W-2s, interest statements -- that align with these sources for the year. If you made new investments last year or earned income from any new employers, double-check that you have those records too.<br />
<br />
To make sure you haven't missed any expenses you can write off or income you need to include, consider using an online tax checklist. Tax software programs could be another viable option as they ask a variety of questions that could help remind you about purchases that affect your tax bill.<br />
<br />
*3. Take advantage of workplace benefits*<br />
If you run your own or operate a side business, you may be able to write off many costs by claiming a variety of deductions for business expenses. Examples of these would include travel expenses or costs associated with running and maintaining your home office.If you work for a company and used a flexible spending account (FSA) to help pay for health care or child care expenses last year, the amount you contributed to the account is not subject to tax. This means that your taxable earnings may be significantly less than you think. It is however, important to remember that you will forfeit any funds you contribute but don't end up spending.<br />
*4. Don't go it alone*<br />
<br />
If you're confused about completing any portion of your tax return, don't wing it. Call in a trained tax professional for assistance. This is the time of year when many people look at their finances as a whole, so it is also a good time to consider talking to a financial advisor to discuss your current finances, retirement readiness and long-term financial security. Comprehensive financial planning often requires the help of a professional, especially as retirement approaches.<br />
<br />
*5. Start planning for next year, this year *<br />
<br />
While you're dealing with your taxes, think about how relieved you would be if you were better prepared a year from now. The key to making your next tax return season less stressful is to stay one step ahead by getting organized and having a plan.<br />
<br />
A little bit of work in advance can save a lot of time and effort in the long run. Start by collecting receipts in envelopes or files labeled with specific tax categories, such as work expenses, medical expenses or investments. Keeping digital files is another good way to stay organized. The key is to have an organization system that works for you throughout the upcoming year and can help you stay better organized next tax season.<br />
<br />
Also, take a look at your periodic tax withdrawals to make sure they are appropriate. Did you get a lot of money back this year, or owe money? If so, you may want to adjust your deductions so that next year you are more on target.<br />
These tips can make filing your return a less stressful process and build your long-term retirement security at the same time. If you thoroughly prepare, take advantage of tax-advantaged savings vehicles, and stay organized, you put yourself in a position to save time and money in the long run.This is not intended to be legal and/or tax advice.James Nichols is head of Retirement Income and Advice Strategy for Retirement Solutions at Voya Financial, one of the largest retirement platforms, product and service providers in the United States. In his role, Nichols is responsible for overseeing Voya's advice and guidance platform to meet the evolving needs of approximately 48,000 institutional clients and over five million individual customers. Nichols is also responsible for developing and executing Voya's retirement income strategy, which seeks to provide retirement income and advice solutions for all Americans.James Nichols is a registered representative of Voya Financial Advisors, Inc. and Voya Retirement Advisors, LLC (members SIPC)
Reported by Huffington Post 4 days ago.
http://www.onenewspage.com/n/Business/754y8qsdc/Ways-to-File-Your-Taxes-With-Less.htm
BusinessFri, 27 Mar 2015 19:37:50 +0000http://www.onenewspage.com/n/Business/754y8qsdc/Ways-to-File-Your-Taxes-With-Less.htmMost Americans think they pay the right amount in taxes<IMG SRC="http://842093bd890be9faecb8-748aa46c7c36684648a7350b656bdeea.r90.cf3.rackcdn.com/1520-Most-Americans-think-they-pay-the-right-amount.jpg" ALT="Most Americans think they pay the right amount in taxes">
*FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.*<br />
<br />
*America's view on taxes (Think Advisor)*<br />
<br />
With the April 15th tax deadline just three weeks away, Pew Research asked the American public for their views on taxes. Of those surveyed, 53% say their share of taxes is appropriate for the benefits they receive from the federal government while 40% believe they pay too much.<br />
<br />
Interestingly, 64% of the sample was bothered 'a lot' about corporations not paying enough and 61% had a similar feeling towards the wealthy. Perhaps not unexpected, 50% of Republicans and 30% of Democrats felt they paid more than their fair share of taxes. <br />
<br />
*The ins and outs of the 529 plan (Wealth Management)*<br />
<br />
The 529 plan is becoming more popular as education costs continue to rise. Wealth Management discusses what you need to know about the plan. Withdrawals from the plan are tax exempt as long as the student is at a qualified institution (most 2 or 4 year schools qualify), and the proceeds can be applied to the cost of tuition, books, fees and mandatory supplies and materials.*<br />
*<br />
<br />
However, Wealth Management notes, "If the account is completely liquidated, the loss may qualify as a miscellaneous itemized deduction on Schedule A of the account owner’s 1040 tax form." Families should be aware it may be more beneficial to take a portion of the money out each year as student loans may become more expensive over the course of the education and additional tax savings may become available.<br />
<br />
*Northwestern Mutual buys LearnVest (InvestmentNews) *<br />
<br />
Northwestern Mutual has purchased online advice platform LearnVest for its technology and comprehensive planning capabilities. InvestmentNews notes, "As part of the deal, Northwestern Mutual will be bringing on 1.5 million LearnVest users, plus 25,000 clients through LearnVest at Work, a year-old program where the company works directly with employers to provide financial planning services to employees." Financial terms were not disclosed. <br />
<br />
*Doing your taxes is taking longer (Bloomberg)*<br />
<br />
More and more Americans are taking longer to do their taxes. In 2013, 13 million Americans filed for an extension, up 20% from 2011. Why are more and more Americans getting their taxes done later? Bloomberg delays can be attributed to not have the correct forms, waiting for other people, and a more complex tax code. <br />
<br />
*The impact of currencies on stocks (WisdomTree)*<br />
<br />
Continued US dollar strength is likely to pose problems for multinationals while providing a tailwind for foreign companies earning revenue in the US. WisdomTree compared US-based Proctor & Gamble with European-based Unilever and noted investors should be mindful that American Depository Receipts (ADRs), which are often used to trade foreign-listed companies, do not provide a hedge against currency risk. "While Unilever's stock price has appreciated 41.0% cumulatively over the past year, the ADR price has appreciated only 9.0%. Why? The euro’s exchange rate versus the U.S. dollar depreciated 23.5% over this period; the ADR’s appreciation was thus significantly mitigated by the euro’s depreciation."*<br />
*<br />
<br />
Join the conversation about this story »<br />
<br />
NOW WATCH: The Truth About Those Crazy Calendar Trends Stock Market Gurus Always Talk About
Reported by Business Insider 5 days ago.
http://www.onenewspage.com/n/Business/754y8q2wl/Most-Americans-think-they-pay-the-right-amount.htm
BusinessThu, 26 Mar 2015 21:04:06 +0000http://www.onenewspage.com/n/Business/754y8q2wl/Most-Americans-think-they-pay-the-right-amount.htmUnited States: Tax Season Alert: Consider These Tips in Maximizing Your Charitable Tax Deduction - Duane Morris LLPAs the tax deadline approaches, you may wish to consider whether you have incurred out-of-pocket expenses while serving as a volunteer on behalf of a charitable organization.
Reported by Mondaq 1 week ago.
http://www.onenewspage.com/n/Legal/754y8o9pt/United-States-Tax-Season-Alert-Consider-These-Tips.htm
LegalTue, 24 Mar 2015 16:56:13 +0000http://www.onenewspage.com/n/Legal/754y8o9pt/United-States-Tax-Season-Alert-Consider-These-Tips.htm